The Truth About Ipo's
January, 1998
Man, it's been an incredible ride! If you mark the start of the current bull market from that sweltering August day in 1982 when then-Federal Reserve chairman Paul Volcker unexpectedly cut interest rates after raising the cost of money for nearly four years, then it is fair to say that with only one or two exceptions, the U.S. stock market has gone up for the past 15 years.But common sense tells us this will all end eventually--and maybe sooner than we care to think. Reason? The market has gotte...
